Comment by movpasd
3 hours ago
The original sin is the idea that the profit motive on a free market will solve all our resource allocation problems, and that consumption demand should be the ultimate arbiter of social value. Markets are pretty freaking amazing things. But their efficiency relies on assumptions that knowledge economies and software break on pretty much every front. So, it's really no surprise that we're in this mess. I don't really know what would work better, though, in a way that can practically evolve from our existing systems.
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